IAMGOLD Co. (NYSE:IAG) Shares Purchased by Swiss National Bank

Swiss National Bank grew its position in shares of IAMGOLD Co. (NYSE:IAG – Get Rating) (TSE:IMG) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,104,000 shares of the mining company’s stock after acquiring an additional 29,100 shares during the quarter. Swiss National Bank’s holdings in IAMGOLD were worth $2,829,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IAG. Vanguard Group Inc. boosted its stake in IAMGOLD by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 16,240,870 shares of the mining company’s stock valued at $17,378,000 after purchasing an additional 460,969 shares during the period. Bank of Montreal Can boosted its position in shares of IAMGOLD by 13.9% during the third quarter. Bank of Montreal Can now owns 2,588,008 shares of the mining company’s stock worth $3,171,000 after buying an additional 316,639 shares during the period. JPMorgan Chase & Co. grew its holdings in IAMGOLD by 416.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,430,863 shares of the mining company’s stock worth $8,459,000 after buying an additional 1,960,562 shares in the last quarter. Dimensional Fund Advisors LP increased its position in IAMGOLD by 94.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,157,764 shares of the mining company’s stock valued at $7,509,000 after acquiring an additional 1,047,461 shares during the period. Finally, U S Global Investors Inc. raised its stake in IAMGOLD by 48.4% during the 3rd quarter. U S Global Investors Inc. now owns 2,101,922 shares of the mining company’s stock valued at $2,249,000 after acquiring an additional 685,493 shares in the last quarter. Institutional investors own 48.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on IAG. BMO Capital Markets began coverage on IAMGOLD in a research note on Monday, May 1st. They issued an “outperform” rating and a $3.25 price target for the company. Raymond James increased their target price on shares of IAMGOLD from $2.00 to $2.25 and gave the company an “underperform” rating in a research report on Tuesday, January 31st. National Bank Financial dropped their price target on shares of IAMGOLD from C$4.10 to C$4.00 in a research report on Tuesday, February 14th. Finally, StockNews.com started coverage on shares of IAMGOLD in a report on Thursday, May 18th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.89.

IAMGOLD Stock Performance

NYSE:IAG opened at $2.87 on Wednesday. The company has a 50-day moving average of $2.87 and a 200-day moving average of $2.51. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -16.00, a price-to-earnings-growth ratio of 29.24 and a beta of 1.46. The company has a current ratio of 2.44, a quick ratio of 1.88 and a debt-to-equity ratio of 0.30. IAMGOLD Co. has a twelve month low of $0.92 and a twelve month high of $3.34.

IAMGOLD Company Profile

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IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. It owns and operates the Westwood mine in Quebec and the Cote Gold project, a development project located in Ontario. The firm also operates the Rosebel mine in Suriname, the Essakane mine in Burkina Faso, the Saramacca project, an exploration project located in Suriname, the Boto project, an exploration project located in Senegal.